Healthcare Biometrics Market Key Players: Entrust, EMC, Gemalto, Authenex, VASCO, Authentify, BIO-Key, 3M Cogent Forecast to 2022

Global Healthcare Biometrics Market is anticipated to grow at a significant CAGR in the forthcoming period. Healthcare providers are those institutions that provide health care services. Medical professionals, pharmacists, allied health professionals whether self-employed or a working employee are crucial components of a healthcare system or health care institution. These elements can work outside of direct patient care. For instance, they can offer their services in a government health department or medical laboratory or a health training institute. Overall, the point of concern is to safeguard the interest of patients and medical professionals in technological form.

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Biometric technology is the most secure and convenient method and does not need to remember complex passwords or other crucial things. Based on measurable characteristics such as behavioral patterns and other physiological features, it becomes easy to determine individual’s identity in particular. From the techno commercial point of view, biometrics in healthcare is expected to drive the technological transformation in the global healthcare market to deliver cost effectiveness via fraud prevention and enhanced workplace efficiency coupled with augmenting care practices to patients and in the long run.

Market driving factors responsible for the growth of healthcare biometrics market includes improving technology for a better safe access in critical areas and information. Other factors such as eyes, finger, and palm are the target areas for vein biometric technology. Additionally, stringent norms by government for medical security against healthcare frauds majorly contribute to the growth of healthcare biometrics Industry. However, pricing and issues related to use of biometric technologies may limit the market growth during the forecast period.

Based on segmentation by type, the healthcare biometrics market includes passwords, hard tokens, OTP, soft tokens and biometrics. Based on segmentation by application, the market includes PCI, BFSI, Government and Healthcare. Geographically, healthcare biometrics industry includes North America, South America, Europe, Asia-Pacific, Middle-East and Africa. North America dominates the market growth due to highly fragmented market with security constraints for various fraud and crime incidences.

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Factors such as establishment of various hospitals and institutions with heavy security from technical aspects and rise of digitization contribute to the growth of healthcare biometrics industry. The key players in the healthcare biometrics market include Entrust, EMC, Gemalto, Authenex, VASCO, Authentify, BIO-Key, 3M Cogent, Deepnet Security, DynaPass, Morpho, ImprivataInc, Suprema Inc, Lumidigm, ZKtecoInc, Fortinet and HID Global.